Thai Nguyen: In the first quarter of 2025, the service sector will grow by 11.03%

With the spirit of continuing innovation, breakthroughs, and drastic direction and management in all areas of work of the Provincial Party Committee and Provincial People's Committee, and the efforts of departments, branches, localities, businesses and people in the province, the socio-economic situation of the province in the first quarter of 2025 has achieved positive results.

The service sector achieved a fairly high growth of 11.03%, supporting the province's economic growth in the first quarter of 2025.

The gross regional domestic product (GRDP) in the first quarter of 2025 is estimated to increase by 4.02% over the same period last year. The service sector grew the most at 11.03%, followed by product taxes minus product subsidies at 4.31%, and the agriculture, forestry and fishery sector at 3.7%...

In the agriculture, forestry and fishery sector, the added value of the agricultural sector increased by 3.43%, contributing 0.3 percentage points; the forestry sector increased by 6.09% and the fishery sector increased by 6.17%, but due to the small structure, they only contributed 0.04 percentage points and 0.02 percentage points respectively to the total GRDP growth.

Livestream sales are being promoted by businesses and cooperatives to increase revenue.

In the industrial and construction sector, the added value of the construction sector increased by 6.86%, contributing 0.44 percentage points; the added value of the industrial sector decreased by 0.5%, reducing the GRDP growth rate by 0.25 percentage points. In the industrial sector, the added value of the mining sector increased by 16.42% (of which, coal mining increased by 16.28%; metal ore mining increased by 28.63%), contributing 0.1 percentage point...

The service sector achieved a fairly high growth rate, supporting the province's economic growth in the first quarter of 2025 (contributing 3.43 percentage points to GRDP growth, the largest contribution among the three sectors). The contribution of some service sectors with a large proportion to the total added value growth is: wholesale, retail, repair of motorbikes, motorbikes and motor vehicles increased by 10.5%; transportation and warehousing increased by 17.65%; accommodation and catering services increased by 18.81%; financial, banking and insurance activities increased by 9.31%.

Source: https://baothainguyen.vn/kinh-te/202504/thai-nguyen-quy-i2025-khu-vuc-dich-vu-tang-truong-1103-7e814e8/